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SONHA SSP VIETNAM SOLE MEMBER COMPANY LIMITED

Active

Business ID 0106980045

+84 1800 6566

SONHA SSP VIETNAM SOLE MEMBER COMPANY LIMITED

Active

Business ID 0106980045

+84 1800 6566

SONHA SSP VIETNAM SOLE MEMBER COMPANY LIMITED

Active

Summary

Name:

SONHA SSP VIETNAM SOLE MEMBER COMPANY LIMITED

Business ID (TIN):

0106980045

Date of Registration:

08 Sep 2015

Registered Office:

Ha Noi City Department of Finance

Address:

Lot D, Phung Town Industrial Cluster, Ha Noi City, Vietnam

Phone:

+84 1800 6566

Financial Statement:

2020, 2021, 2022, 2023, 2024

SONHA SSP VIETNAM SOLE MEMBER COMPANY LIMITED (CÔNG TY TNHH MỘT THÀNH VIÊN SƠN HÀ SSP VIỆT NAM): A Manufacturing Giant with a Profitability Crisis

At first glance, SONHA SSP VIETNAM SOLE MEMBER COMPANY LIMITED looks like a rising star in Vietnam’s structural metal manufacturing sector. With nearly USD 148 million in revenue and an asset base of over USD 72.6 million, it has the physical scale and market presence to command attention. But dig deeper, and the numbers reveal a more uncomfortable truth: this is a company growing in size, but bleeding in profit.

Headquartered at Lot D, Phung Town Industrial Cluster, Phung Town, Dan Phuong District, Ha Noi City, the company, operating under tax code 0106980045, is wholly owned by Sonha International Corporation—a prominent Vietnamese brand in the stainless steel and home appliance space. Since its founding on September 8, 2015, SONHA SSP VIETNAM has built itself into a key player in the manufacture of welded stainless steel pipes, structural metal products, and related construction materials. Under the leadership of Mr. Le V. T., the company employs 280 staff and serves a wide array of industrial sectors across the country.

The financial picture, however, is riddled with contradictions. While sales have grown by over 23% between 2021 and 2023, hitting USD 147.7 million last year, profit has plummeted—from a healthy USD 3.58 million in 2021 to a staggering loss of USD 643,411 in 2023. That’s a 202.99% year-on-year profit drop, and a dramatic reversal of fortune. The decline began in 2022 with an 82.55% plunge in profit, signaling that the problem isn’t a one-off—it’s a trend.

Even more worrying for risk professionals is the collapse in working capital, which shrank by nearly 46% in 2023, settling at just USD 7.78 million. This suggests potential liquidity issues, especially if the company continues to operate on razor-thin or negative margins. Despite a modest 3.68% increase in equity (now at USD 18.92 million), the firm is clearly struggling to convert top-line performance into sustainable bottom-line results.

SONHA SSP VIETNAM’s financial deterioration should raise flags for any partner, investor, or lender in a competitive industry that demands operational efficiency and cost control. The company’s ambitious diversification—ranging from electric motors to metal coatings and even passenger land transport—might be spreading resources too thin, diluting core strengths in stainless steel pipe manufacturing.

For those tracking Vietnam private financial data or involved in business verification, SONHA SSP VIETNAM presents a classic case: a company with industrial muscle and sales momentum but risks overheating without adequate control over profitability. The brand and backing of Sonha International may buy time, but unless the downward spiral in profit is addressed, the market may start questioning the company’s long-term viability.

The brand may shine, the steel may gleam—but the balance sheet is sounding an alarm.

Legal Profile

English Name:

SONHA SSP VIETNAM SOLE MEMBER COMPANY LIMITED

Vietnamese Name:

CÔNG TY TNHH MỘT THÀNH VIÊN SƠN HÀ SSP VIỆT NAM

Short Name:

SONHA SSP VIETNAM CO.,LTD

Business ID (TIN):

0106980045

Date of Registration:

08 Sep 2015

Registered Office:

Ha Noi City Department of Finance

Ownership Status:

Privately held

Operation Status:

Active

Contacts

Key Decision Makers:

LE V.T

Address:

Lot D, Phung Town Industrial Cluster, Ha Noi City, Vietnam

Phone:

+84 1800 6566

Business Sector

Key business lines:

VSIC:

2511 Manufacture of structural metal products

NACE:

25.1 Manufacture of structural metal products

Industry Sales Growth

CAGR (2019 - 2023)

8.05%

YoY (2023)

4.42%

Companies by industry

Company distribution and propportions

6,830

0.2349%

Key Industry Players

Top 10 companies in manufacture of structural metal products industry

zamil steel buildings vietnam company limited citicom commercial joint stock company natsteelvina co.,ltd hai long construction joint stock company steel 568 company limited qh plus corporation east asia aluminum company limited vietnam japan international metal wares joint stock company atad dong nai steel structure corporation sonha ssp vietnam sole member company limited

Payment History

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Financial Performance

Assets	11.33%
Owner’s Equity	-27.52%
Working Capital	-27.66%
Net Worth	6.68%
Sales	-38.39%
Operating income	-85.64%
EBIT	70.24%
Gross Profit Margin	-19.29%
Debt to EBITDA	-72.48%

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Negative Payment Records

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Opinion from Analysts

Specific Questions About SONHA SSP VIETNAM SOLE MEMBER COMPANY LIMITED

When did SONHA SSP VIETNAM SOLE MEMBER COMPANY LIMITED start operating?

SONHA SSP VIETNAM SOLE MEMBER COMPANY LIMITED was started in 08 Sep 2015

What industry does SONHA SSP VIETNAM SOLE MEMBER COMPANY LIMITED operate in?

SONHA SSP VIETNAM SOLE MEMBER COMPANY LIMITED is operating in "Manufacture of structural metal products" industry

How can I contact SONHA SSP VIETNAM SOLE MEMBER COMPANY LIMITED?

SONHA SSP VIETNAM SOLE MEMBER COMPANY LIMITED phone numbers is +84 1800 6566

What adverse news is there about SONHA SSP VIETNAM SOLE MEMBER COMPANY LIMITED?

SONHA SSP VIETNAM SOLE MEMBER COMPANY LIMITED’s has no negative news

What is stock symbol of SONHA SSP VIETNAM SOLE MEMBER COMPANY LIMITED?

SONHA SSP VIETNAM SOLE MEMBER COMPANY LIMITED is not listed company

Where is the location of SONHA SSP VIETNAM SOLE MEMBER COMPANY LIMITED?

SONHA SSP VIETNAM SOLE MEMBER COMPANY LIMITED is located at Lot D, Phung Town Industrial Cluster, Ha Noi City, Vietnam

What is SONHA SSP VIETNAM SOLE MEMBER COMPANY LIMITED’s business registration?

SONHA SSP VIETNAM SOLE MEMBER COMPANY LIMITED business registration is 0106980045

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